Market Size of vietnam pet food Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 141.88 Million |
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Market Size (2029) | USD 222.36 Million |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 9.40 % |
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Fastest Growing by Pets | Cats |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Pet Food Market Analysis
The Vietnam Pet Food Market size is estimated at USD 141.88 million in 2024, and is expected to reach USD 222.36 million by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029).
141.88 Million
Market Size in 2024 (USD)
222.36 Million
Market Size in 2029 (USD)
13.06 %
CAGR (2017-2023)
9.40 %
CAGR (2024-2029)
Largest Market by Product
47.98 %
value share, Food, 2022
Due to the increasing pet population and the growing demand for high-quality and nutritious dry and wet pet foods to support their pets' health, food products occupy a major share.
Largest Market by Animal
62.99 %
value share, Dogs, 2022
The higher population of dogs and the increased demand for dry pet food, dog treats, and veterinary diets in the country have primarily contributed to the segment's growth.
Fastest-growing Market by Product
12.66 %
Projected CAGR, Pet Nutraceuticals/Supplements, 2023-2029
The increasing preference of pet owners for preventive healthcare and the rising demand for vitamins, minerals, and probiotics for their pets are driving nutraceutical usage.
Fastest-growing Market by Animal
10.71 %
Projected CAGR, Cats, 2023-2029
The increasing cat ownership rates resulted in strong consumer demand for commercial and high-quality cat food products in the country, enhancing the segment’s growth.
Leading Market Player
17.42 %
market share, Mars Incorporated, 2022
Mars, Incorporated is the market leader due to its extensive product innovations in the country, and it has launched products under its Pet Food and Veterinary Diet segments.
Dogs dominated the Vietnamese pet food market due to their larger population and higher per capita consumption compared to other pets
- Vietnam is home to one of the fastest-growing pet food industries, and the significant presence of younger adults and teenagers as pet parents in the country is also one of several unique factors driving the country's pet food market. In 2022, the Vietnamese pet food market accounted for 0.4% of the Asia-Pacific pet food market, but the country's share is anticipated to grow faster in the coming years as younger adults become salaried. This is projected to increase the demand for high-quality pet food products in the country over the coming years.
- During the historical period, the pet food market in the country increased by 81% between 2017 and 2021. The growth in the market during the period was because of the increasing usage of commercial pet food products and the rising pet population in the country.
- Dogs comprise the major pet segment in the Vietnamese pet food market, with its share amounting to USD 76.4 million in 2022. The higher share of these pets was because of their larger population among all pets and comparatively higher consumption of pet food. Dogs accounted for 45.1% of the pet population in the country in 2022.
- Cats and other animals occupied the major share of the Vietnamese pet food market after dogs, with shares of 38% and 16.9%, respectively, in 2022. However, cats comprise the fastest-growing pet segment in the market, expected to register a CAGR of 10.7% during the forecast period, with increasing disposable incomes of pet owners driving the shift from homemade foods to commercial foods.
- The increasing usage of commercial pet food products and growing pet adoption among younger adults are estimated to drive the pet food market in the country during the forecast period.
Understand The Key Trends Shaping This Market
